GDPR: Main Things To Know

GDPR or General Data Protection Regulation has been with us since 2018 and it is a set of rules and regulations that should protect the online use of all users much better. It applies to all European businesses or better said it covers and protects all people living on this continent. In general, it affects all businesses that will hold any form of data of EU residents. 

One example of this rule is that you cannot just tick a box and agree with all the requirements that the business requests from you. You will have to read the specific files and you will have to know more before giving your approval. 

General Data Protection Regulation is there for your safety and it should help how the businesses manage your data and prevent any misuse of the data. It doesn’t have any negative sides and there are no issues you have to worry about. 

GDPR and Online Gambling

General Data Protection Regulation has a huge role in online gambling. There are a few things you should know here. For instance, online casinos will have to offer clear forms of all kinds so you can get as much information as needed in less time. Online casinos will also have to use plain language and all the main aspects have to share all the requirements they need.

Users also have the ability to request all of their personal data from an online casino at any given moment. The online casino must provide them free of charge and at any given moment. A user also has the ability to request details about when and why the data is used. Last but not least a user has the ability to request from the casino to remove the user data. It can be done at any moment and the casino must do it without any fees or anything similar. It’s worth noting that even on betting sites not on GamStop, a UK self-exclusion program, GDPR compliance is crucial.

The goal here is simple. Users have more control over their data used online and they can control it right now. A while back they didn’t have this option and they had to accept all the rules and requirements online casinos and other businesses requested. This was an issue for some users and it is still considered a big issue.

How does GDPR Affect You?

In the lack of a better word, GDPR will not affect you, a gambler in many ways. First of all, for you, it is still the same. You will have to create an account, provide the same details and you will have to fund your account. Then you can gamble and win. In reality, this set of rules makes things a bit easier. Now you don’t have to share your data if you don’t want it and you can ask the casino to remove it when needed. Casinos on the web will also make the process easier and more appealing so you can complete it in less time and understand it better. 

As you already know in the United Kingdom KYC is still needed and can be considered mandatory at most online casinos. Know Your Customer is responsible for sharing a lot of data between the users and online casinos. You can see that a person will have to share his name, email address, house number, date of birth, postcode, and other details. KYC does require a lot of data to share and it has a huge impact. Keep in mind that the KYC is there for your safety. It is used to prevent cybercrime or fraud and to help you get the safety online you deserve. It is also something that has been more and more common and must be done before you start the withdrawal process. Some casinos will require from you as soon as you complete the registration while others before you withdraw your funds for the first time. 

The Final Word 

General Data Protection Regulation is a nice addition that is there for your safety. It doesn’t have any negative sides and it is a small addition to all of us with a huge effect. You get more freedom with your data and you get more perks. On the other hand, you have the same capabilities and you have to do the same things. It is a worthy and appealing addiction that is more than just effective and moist users agree with the claim. 

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Despite being significantly smaller than the other cities on this list, Waterloo is considered one of the best startup ecosystems in the country. The city has the densest startup population outside of Silicon Valley and more than 1,000 startups with a population of 100,000. Waterloo’s talent pool is not to be scoffed at. According to independent estimates, there are about 280,000 college-educated tech professionals in the city, which is certainly worth noting, compared to the 380,000 residents of all of Silicon Valley.

Unlike larger cities, which often have a tougher business environment, Waterloo prides itself on being the optimal location for the growth and development of tech startups. While local projects tend to support each other independently, the government also continues to support startups in the area. The city’s Communitech Innovation Center was formed jointly by government, corporations and individual companies and offers startups significant financial and expert resources and assistance.

Edmonton

Last, but not least, is Edmonton, Canada. This is another great city that leads the country in a number of industries such as biotechnology, oil and gas, digital technology and mass communications.

Startup incubators like Startup Edmonton and TEC Edmonton help promote the city’s entrepreneurial community and create a culture of innovation that permeates everything here.

Like the other cities on this list, Edmonton also has a strong and intelligent talent pool thanks to a long list of strong schools.

While it may seem that a successful startup should only be launched in Silicon Valley or New York City with little effort. To an international entrepreneur, it is easy to realize that you don’t necessarily have to start your dream business in the US. Every startup and entrepreneur has different opportunities, needs and priorities. But, if you are looking for the best city for your startup, the above list is a great place to start that search.

Across Canada, there are many great services, non-profit organizations, startup incubators, startup events and resources to help new companies grow. New opportunities like revenue-based funding are becoming available all the time, making the country an even better place to do business.

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While Vancouver is undoubtedly a picturesque and livable city as it is located on the west coast with all the beauty of the Pacific Coast and surrounding mountains, there is also strong evidence that Vancouver is a great place to incorporate startups.

Although it is much smaller than Toronto, it also boasts a large number of talented and creative engineers, as well as the support of the Canadian government.

It is also interesting to note that since Vancouver is located on the west coast, it is in the same time zone as other major cities and venture ecosystems such as Los Angeles, Seattle, Portland, and of course San Francisco. Vancouver’s geographic location makes it the best Canadian city to connect with other West Coast American tech centers.

Like Toronto, Vancouver too boasts several big startups that are part of the unicorn club. While Toronto claims two of these five companies, Vancouver claims the other three: Hootsuite, Slack and Avigilon.

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According to Startup Compass, among these three cities, Montreal is the only one that has moved up in their rankings from their previous report in 2012.

A strong community that is strengthened and supported through startup events like Startup Fest that support non-profit organizations, as well as incubators like Montreal NewTech and Notman House.

One of the biggest advantages Montreal has over other cities on this list is its affordable real estate market, which allows local startups to keep their costs the lowest in North America.

While the cost of living in other major cities continues to rise, Montreal home prices remain low. Currently, the average price of a home in Montreal is around 250k USD, making it much more affordable to buy or rent than other major cities in North America.

Montreal also boasts a strong talent pool, thanks to the city’s numerous universities and technical institutes. For example, the most talented young entrepreneurs settle in Montreal thanks to Concordia’s John Molson School of Business, while local technical schools produce energetic and capable engineers.

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As the fourth largest city in North America, Toronto has numerous universities and has a wealth of creative engineering talent and students eager to work for a growing company.

If all of these reasons aren’t enough to make Toronto a great place to organize startups, the city is also supported by the Canadian federal government and separately by the Ontario provincial government.

Government support introduces technological innovations that help support and strengthen the local startup community.

For example, wireless internet in Toronto in particular is undergoing a major transformation, as Google is partnering with the local Toronto library to pave free Wi-Fi to homes where students or startup employees (often the same people) live.

Not coincidentally, startups like Shopify, 500px, KIK, Wattpad and FreshBooks have developed here.All of them call the city of Toronto their home, but besides them, there are plenty of other companies funded by venture capital funds and business angels.Shopify and KIK are part of the unicorn club, which means these companies are valued by the market at over $1 billion each.In addition to startups, Toronto is home to several Fortune 500 corporations, as well as the Canadian headquarters of multi-billion dollar companies such as Google, Facebook, Twitter and LinkedIn.

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